The Takeover Code applied to IOM, Channel Islands and United Kingdom companies

Posted on 03 October 2013 in IQE Isle of Man

All AIM companies registered in the Isle of Man are now subject to the City Code on Takeovers and Mergers ("The Takeover Code").

The new changes which came into effect on the 30th September mean that a company which has its registered office in the UK will no longer be required to have its place of central management and control in the UK, the Channel Islands or the Isle of Man in order for the Takeover Code to apply to that company.

IQE Executive Director Anne Couper Woods commented; "This is a welcome change which has clarified the position for international companies which will also ensure that the high standards of the Takeover Code are adopted by the companies affected."

For more information on the Takeover Code, visit www.thetakeoverpanel.org.uk